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weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud o of financial and gal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . ♪ . melissa: now turning to venezuela and posbly the end of anra. this weekend prrsident hugo chavez said his cancer h retued and for the first time he puicly talked about the end of his rule asking supporters to back his vice president. that is nicholas maduro. venezuela's oil minister announced at the last opec meeting the country has the largest oil reserves in the world. would the death of chavez have a major impact on the global oil market? with me, john kingston, platt's global director. welcome back to the show. this is huge. we've been follong this for a long time but i mean 's very serious. emergency surgery. it is his thir surgery. he never talked about what kind of cancer he has but at this point it has got to be very serious? >> i think we can assume the chavez area is almost over. as
weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud o of financial and gal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . ♪ . melissa: now turning to venezuela and posbly the end of anra. this weekend prrsident hugo chavez said his cancer h retued and for the first time he puicly talked about the end of his rule asking supporters to back his vice president....
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Dec 14, 2012
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steve forbes joining us with his warning for washington and why he fears a recession imi
steve forbes joining us with his warning for washington and why he fears a recession imi
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are you seeing that infighting in washington right now? >> well, infighting is probably a harsh word. if that is a definition we infight all the time around here. hopefully it is a healthy dialogue where everyone gets a chance to express themselves. .9 of representation in america for people to give their point of view. they feel they have been heard, even if they don't get their entire way. most people, are willing to comprise a little bit. that is what we have to have here, unfortunate tax increases to balance lance our budget and unfortunately entitlement reforms particularly on health care side so we don't have the debt as far as eye can see. hopefully the speaker and president will get there. the solution is pretty straightforward. sandra: it isn't straightforward because we have so much disagreement. maybe it is harsh to call it as infighting maybe tension. more than 100 conservative leaders including former presidential candidate rick santorum, saying gop congressman will be targeted if they make concession on tax hikes. that sound
are you seeing that infighting in washington right now? >> well, infighting is probably a harsh word. if that is a definition we infight all the time around here. hopefully it is a healthy dialogue where everyone gets a chance to express themselves. .9 of representation in america for people to give their point of view. they feel they have been heard, even if they don't get their entire way. most people, are willing to comprise a little bit. that is what we have to have here, unfortunate...
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Dec 10, 2012
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weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud of financial and legal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . can i help you? i heard you ys can ship ground for less than the s store. that's right. i've learned the only way tget a holiday deal is to mp out. you knowwe've been open all night. is this a trick to get my spot? male announcer ] break from the holidastress. save on ground shipping at fedex office. male announcer ] break from the holidastress. it's part of what you slove about her.essing. but your erectile dysfunction - you kn, that could be a question of blood ow. cialis tadalafil for daily use but your erectile dysfunction - helps you be ready anytime the moment's right. you can be more nfent in your ability to be ready. and the same cialis is the only daily ed tablet approved to tat ed d symptoms of h, li needing to go frequently or urgently. tell your door about all your medical conditions and
weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud of financial and legal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . can i help you? i heard you ys can ship ground for less than the s store. that's right. i've learned the only way tget a holiday deal is to mp out. you knowwe've been open all night. is this a trick to get my spot? male announcer ] break from...
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Dec 13, 2012
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new numbers on debt and what voters want to come out of any deal out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company: recovering investment banker. charles payne is here and nicole petallides always on the floor of the new york stock exchange. thursday morning, i will say it again, dead flat for the dow jones industrial average. and we have dead flat, the rate on 30 year mortgages from freddie mac actually it's down a tad, 3.32%. how's that for a 30 year? i've been saying this for weeks now, who would have thought. here's another number for you, the u.s. government spent 172 billion dollars more than it took in, during november alone. that means we're very likely headed for another trillion dollars annual deficit. that would be the fifth straight. the national debt, 16.37 trillion dollars. president obama apparently not concern
new numbers on debt and what voters want to come out of any deal out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company: recovering investment banker. charles payne is here and nicole petallides always on the floor of the new york stock exchange....
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never do anything in a few pages in washington. so you would have to unwind it but the concern is, and this is all growing like a labor negotiation. it doesn't start until about 11:55 p.m. at the midnight deadline. if boehner says he is going to a new year's eve party in ohio i would worry. if going home for the weekend that's fine. he has a couple weeks, all right? same thing goes for the president obviously. but, also like a labor negotiation, when the strike starts everybody goes off and spends three days screaming at each other. tracy: sure. >> probably given washington three weeks or three months. ashley: worst-case scenario we go over the cliff and no agreement is reached but how damaging could be a split the difference kind of deal that is done really kind of cobbled together, kicking it down the road a little bit? does that really help us at all? >> i think if you get some kind of a deal, some progress, you don't get the kind of massive tax increases that are in line now. ashley: yep. >> you don't get the kind of massive sp
never do anything in a few pages in washington. so you would have to unwind it but the concern is, and this is all growing like a labor negotiation. it doesn't start until about 11:55 p.m. at the midnight deadline. if boehner says he is going to a new year's eve party in ohio i would worry. if going home for the weekend that's fine. he has a couple weeks, all right? same thing goes for the president obviously. but, also like a labor negotiation, when the strike starts everybody goes off and...
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there is scuttlebutt in washington a direct wealth tax might be next on the docket. there is that sense, anything goes. i menti also specificall i am a investor. i'm a hedge fund manager. this notion of taxing capital gains and dividends, we all want wealth, but when you tax capital gains and dividends like taxes oxygen. taxing exact wealth we want to create not just for the rich 1% but for the country as greater hold. melissa: all you can do is buy gold to hide i it uder yo bed. god forbid you make a buck. jonathan i want the ashcan and cash in it i will get it after the show. >> i going to buy your book with it. melissa: fantastic. perfect. >>> up next yet another round of sanctions to hit iran where it counts. this time going right for the heart of its economy and its gold. we're going to explain that. at the eed of the day it is all about money. ♪ . man: constant tingling in my toes. woman: i had double vision. woman: they said, "you have multiple sclerosis." man: i kind of had to get a grasp on reality. man: i had to adapt and change very rapidly. woman: i had
there is scuttlebutt in washington a direct wealth tax might be next on the docket. there is that sense, anything goes. i menti also specificall i am a investor. i'm a hedge fund manager. this notion of taxing capital gains and dividends, we all want wealth, but when you tax capital gains and dividends like taxes oxygen. taxing exact wealth we want to create not just for the rich 1% but for the country as greater hold. melissa: all you can do is buy gold to hide i it uder yo bed. god forbid you...
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Dec 27, 2012
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the conversation we're having in washington is so disingenuous. talking about 100 trillion in unfunded liabilities and we're arguing 800 billion in tax increases on 2% of the population we're still not asking tough questions of the middle last. i don't think it matters whether president's plan or republicans plan i don't think it is imagine. adam: i'm shocked you would imply anybody in washington would ever be disingenuous. lindsey and james, thank you very much. we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this
the conversation we're having in washington is so disingenuous. talking about 100 trillion in unfunded liabilities and we're arguing 800 billion in tax increases on 2% of the population we're still not asking tough questions of the middle last. i don't think it matters whether president's plan or republicans plan i don't think it is imagine. adam: i'm shocked you would imply anybody in washington would ever be disingenuous. lindsey and james, thank you very much. we'll talk about the fiscal...
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lou: a big surprise today in washington. senator jim demint of south carolina announcing he will resign his senate seat? january to take over the leadership of the think tank, the conservative think tank, the heritage foundation. earlier, the snator criticized boehner's proposal saying, quote, would destroy american jobs and not reduce the debt a penny. joining me to talk about the senator's resignation, his outlook on the cliff, and a host of other issues, delighted to be joined by south carolina lawmaker congressman trey, and congressman, great to have you with us. let me begin with the fiscal cliff. as i discussed with steven and our editor, chris, i have not heard a single republican say of the president's ultimatum, you know, that's the cause of the cliff, not the facthat we department yield to that ultimatum. why in the world aren't republicans talking about the president's ultimatum is -- as thee causal agent of any plunge over the fiscal cliff? >> wel lu, this are a few. jim jordan, demint, we don't have a megaphone
lou: a big surprise today in washington. senator jim demint of south carolina announcing he will resign his senate seat? january to take over the leadership of the think tank, the conservative think tank, the heritage foundation. earlier, the snator criticized boehner's proposal saying, quote, would destroy american jobs and not reduce the debt a penny. joining me to talk about the senator's resignation, his outlook on the cliff, and a host of other issues, delighted to be joined by south...
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washington, what will it be able to resolve? concerns over inflation and other important economic reports. a big decline in gasoline prices la month. year-over-year inflation running a 20%. investors backing away from stocks. the s&p is down six points from the nasdaq lost 21. on the big board, just under 3 billion shares for the week. the dow jones down 23 points. the s&p up 4.5. nasdaq is down seven times -- seven points. the iphone is having less than enthusiastic reception. additionally, news that a federal jury found apple infringed upon free patterns, owned by mobile media ideas, a joint venture of gnocchi at and sunny. no word on how much apple would have to pay. crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly differe
washington, what will it be able to resolve? concerns over inflation and other important economic reports. a big decline in gasoline prices la month. year-over-year inflation running a 20%. investors backing away from stocks. the s&p is down six points from the nasdaq lost 21. on the big board, just under 3 billion shares for the week. the dow jones down 23 points. the s&p up 4.5. nasdaq is down seven times -- seven points. the iphone is having less than enthusiastic reception....
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the washington institute for near east policy. gentlemen, thank you for being here. beginning with you, just received word that the president smoke with morsi today talking about the number of deaths and concern about the result of the demonstrations. this is now a region that seems to be of behaving in ways in which this administration could not have anticipated or did not a year ago, six months ago. your thoughts on what's happening now? >> well, ii's happening right now is a balance of force, of demonstrations between the morsi regime, which is still trying to assert itself, the gun to influence the army, but did not complete the job, so the army is not completely under the hands of morsi, but, on the other hand, a dynamic opposition uniting against morsi and has been early on the responsible for the uprising in egypt against mubarak, replaced with the brotherhood, and bottom line, lou, is now the obama administration realizes that a partnership with the muslim brotherhood and morsi will not do. there has to be a triangle agree
the washington institute for near east policy. gentlemen, thank you for being here. beginning with you, just received word that the president smoke with morsi today talking about the number of deaths and concern about the result of the demonstrations. this is now a region that seems to be of behaving in ways in which this administration could not have anticipated or did not a year ago, six months ago. your thoughts on what's happening now? >> well, ii's happening right now is a balance of...
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call it the washington inquisitions. we are getting ripped apart. tomorrow the governor that disagrees and pat buchanan david: money with melissa francis is next. >> i'm melissa francis and here's what's "money" tonight. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks t for e right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleedin
call it the washington inquisitions. we are getting ripped apart. tomorrow the governor that disagrees and pat buchanan david: money with melissa francis is next. >> i'm melissa francis and here's what's "money" tonight. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>>...
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washington is frozen. not just the nonexistent this coal talks but is leaving the washington d.c. the leadership in the lurch. and why could going up over the cliff the bullish? check out the winners and losers overall. ♪ >> we will get the market check with the deep sell-off with the nicole petallides at the new york stock exchange replica of the market's stuff is selling it is of classics flight to quality. >> absolutely with this a pate then gold is a good example when people don't know where to go. also the u.s. dollar. looking at the dow of 30 components are in the red. financial, a drug, oil, materials, , etc.. of lots of downed air rose below 13,000. you're waiting to hear from harry reid now we will not he is alluding to the fact we will go over the fiscal clef it is not reassuring that is why we see the vix index popping today with four .6% moved to the upside which is significant in brings us of the of the 20 level line we are seeing a market that is tepid and a nervous. >> el let's continue that discussion on the market. with the fourth straight loss we have the chief
washington is frozen. not just the nonexistent this coal talks but is leaving the washington d.c. the leadership in the lurch. and why could going up over the cliff the bullish? check out the winners and losers overall. ♪ >> we will get the market check with the deep sell-off with the nicole petallides at the new york stock exchange replica of the market's stuff is selling it is of classics flight to quality. >> absolutely with this a pate then gold is a good example when people...
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>> i don't know if we're going to see that sense of brotherhood or sisterhood any time soon in washington. i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of a political operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this p
>> i don't know if we're going to see that sense of brotherhood or sisterhood any time soon in washington. i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets...
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d'agata washington. who is in charge of social security reform? nobody. everybody waits for a deadline and throws up their hands and says we don't have enough time. it is broken up here, but because they're not doing their job. lou: not doing their job, and whose job is it a much the republicans to start making some sense of the thing? i said, as you may have heard at the outset of this broadcast, clearly, unequivocally, without reserve, this will be the president's decision if the nation is to be taken over the so-called fiscal closed on january 1st. there is no reputation, no rebuttal. that is his decision, his conditions, and republicans are behaving as if they're equal partners in the madness that would be the result of this decision. why did they persist? >> i think we are in the middle of all these negotiations. people be consumed by the art of the deal. nobody really is trying to rememmer all we stand for. if we don't stand for something, if we are not the party of limited government, lower taxes, then what are we doing appear? my point is, and not
d'agata washington. who is in charge of social security reform? nobody. everybody waits for a deadline and throws up their hands and says we don't have enough time. it is broken up here, but because they're not doing their job. lou: not doing their job, and whose job is it a much the republicans to start making some sense of the thing? i said, as you may have heard at the outset of this broadcast, clearly, unequivocally, without reserve, this will be the president's decision if the nation is to...
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have a safe trip back to washington. >> thank you. adam: more than 180 of the nation's top economic mind are joining together for a common cause. they're warning congress that raising taxes on anyone, on anyone, as part of a fiscal cliff deal would have devastating consequences to the american economy. so will d.c. hear that message? joining me for more on this, the man behind the campaign the executive vice president of the national taxpayers union. and a economist with pioneer investment. sam, let's start with you. we keep hearing if you tax the wealthy it really doesn't have a negative impact because one, the wealthy take tir tax refund and save them. they don't spend them. is that not accurate? what is the negative implications of taxing the wealthy? >> i think anytime you take money away from anybody they are obviously going to have less money. the quesestion whether the wealthy spend their money or save it, i think that is a tougquestion to answer, because if you look at where people will be taxed, a lot of people will be spendi
have a safe trip back to washington. >> thank you. adam: more than 180 of the nation's top economic mind are joining together for a common cause. they're warning congress that raising taxes on anyone, on anyone, as part of a fiscal cliff deal would have devastating consequences to the american economy. so will d.c. hear that message? joining me for more on this, the man behind the campaign the executive vice president of the national taxpayers union. and a economist with pioneer...
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you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers yo
you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get...
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we will go back to washington for the speaker of the house. he is a few minutes late, which is interesting. a lot of pressure here in terms of where is the leverage. his question, where is the spending. we will say about his language and how he does it. we are also going to talk about serious. a very big story today. blue shield of california is getting ready to fix some policyholders with a rate increase. lots more still to come on fox business. ♪ connell: breaking news out of washington. here is the speaker of the house, john boehner. >> to avert the fiscal cliff with a bipartisan agreement. that is truly solid and begins to solve our spending problem. the president still has not made an offer that meets those two standards. republicans have. the president promising american people a balanced approach, his proposals have been anything but. instead of beginning to solve our debt problem, he wants new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. that is clear that the president is n
we will go back to washington for the speaker of the house. he is a few minutes late, which is interesting. a lot of pressure here in terms of where is the leverage. his question, where is the spending. we will say about his language and how he does it. we are also going to talk about serious. a very big story today. blue shield of california is getting ready to fix some policyholders with a rate increase. lots more still to come on fox business. ♪ connell: breaking news out of washington....
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dennis: rich edson is in washington, d.c. rich: part of it is an spending cuts over the next decade. even with those cuts in place. they forecast federal spending to increase each year over the next decade. as for plans to contain spending, the white house has various cuts and fee increases on the table. house republicans are offering 4.1 million lower cuts and increases. even if these cuts failed to control the greatest deficit challenge, the spending on federal health care programs like medicare. >> the path has been clear for a decade now. every director comes to the same conclusion. you cannot roll your way out of it. you must change these programs. >> president obama is pushing billions in new spending to spur the economy. back to you. cheryl: rich, thank you very much. dennis: merry christmas and happy hanukkah. six major banks announcing they will halt -- wells fargo, bank of america, citigroup, they say they will suspend foreclosure activity until the new year healthy defaulting borrowers remain in their home for the
dennis: rich edson is in washington, d.c. rich: part of it is an spending cuts over the next decade. even with those cuts in place. they forecast federal spending to increase each year over the next decade. as for plans to contain spending, the white house has various cuts and fee increases on the table. house republicans are offering 4.1 million lower cuts and increases. even if these cuts failed to control the greatest deficit challenge, the spending on federal health care programs like...
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connell: peter barnes in washington. we will take this right into our next guest. alex sharpton is with us. it is good to have you. the significance you think of an fha bailout, if it comes to that. >> i do not think it will be ruled out. we probably will have some type of popping off of the fha. if you look at where we stand right now, as an economy, we have a very modest recovery. it is most likely going to happen. connell: the significance of it is, in your mind, what? >> what needs to happen is we need to take note that we are subsidizing the fha again. while the fha is great for lower income borrowers, we are still allowing people to buy properties where they want after they post on the property, they are upside down on our property. that is where we need to be cautious. connell: we talk about it all the time, the housing numbers that are showing improvement. if people are only putting down, you know, the 3.5%, are we getting ourselves into a similar hole to the ones we are trying to dig ourseeves out of? >> unfortunately, we may have. the loans that the fha h
connell: peter barnes in washington. we will take this right into our next guest. alex sharpton is with us. it is good to have you. the significance you think of an fha bailout, if it comes to that. >> i do not think it will be ruled out. we probably will have some type of popping off of the fha. if you look at where we stand right now, as an economy, we have a very modest recovery. it is most likely going to happen. connell: the significance of it is, in your mind, what? >> what...
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if washington limits the tax deductions for state and local tax payments and if washington raises the eligibility age for medicare which will keep state retirees in the state retirement system even longer. tracy: you are right, it is all true. because on that report for nothing, we do not need a conference for you to do that. we love you. ashley: but they are going to pay you, peter, don't worry about it. should you be looking to invest elsewhere in the world? it has to be something better out there. the activist global advisor president and chief investment officer with a list of countries he says are worth adding on. thank you for being here. top three countries, which one should we be looking at is a great alternative to the u.s. >> we really like turkey, china and like austria quite a bit right now. ashley: why turkey? >> turkey has great fundamentals. they have great momentum. it is a little bit more risky than the average country, valuations are average but from those two perspectives, it looks fantastic. ashley: we've talked about china forever. it hasn't been so hot recently,
if washington limits the tax deductions for state and local tax payments and if washington raises the eligibility age for medicare which will keep state retirees in the state retirement system even longer. tracy: you are right, it is all true. because on that report for nothing, we do not need a conference for you to do that. we love you. ashley: but they are going to pay you, peter, don't worry about it. should you be looking to invest elsewhere in the world? it has to be something better out...
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>> washington is going to be in our face all year. the implementation of obamacare, how it is clearly not very well-thought out in the legislation. at least half the states said they're not building their exchanges. that falls on health and human services to build it. they have only a billion dollars allocated for the implementation. doing it for 25 states, they would burn through that in a month, maybe six weeks at the most. so they're going to have to go back to congress and ask for money. house speaker boehner said that will be a debating point in the debt ceiling and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much more ahead this hour including a biotech ceo what is hurting
>> washington is going to be in our face all year. the implementation of obamacare, how it is clearly not very well-thought out in the legislation. at least half the states said they're not building their exchanges. that falls on health and human services to build it. they have only a billion dollars allocated for the implementation. doing it for 25 states, they would burn through that in a month, maybe six weeks at the most. so they're going to have to go back to congress and ask for...